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Go First Airlines files for bankruptcy

Go First Airlines files for bankruptcy

Kanchan Nath

- May 3, 2023

TAAI President Jyoti Mayal has expressed concern over the sudden cancellation of all flights by GO First Airline on 3rd & 4th May 2023, stating that it has put the aviation industry in shock. Go First has filed an application for voluntary insolvency resolution proceedings before NCLT as per media & ministry reports. Mayal commented on the struggles faced by the industry regarding correct procedures and protocols, stating it is surprising that a country considered a power centre faces such challenges again and again pertaining to the aviation sector.
The cancellations and refunds of tickets to its members and consumers have raised concerns at TAAI, who fear that travel agents will be adversely affected, presenting a significant financial blow as they struggle to revive post-covid19.
TAAI has been advocating to the Government of India, Ministry of Aviation, Ministry of Tourism, and the Hon. PM himself to ensure the security of the travel industry/consumers, and address airline defaults. The association has been advocating for protection through insurance on tickets or placing monies in an escrow account with the government as protection for for the entire eco system, most importantly the service provider.
As the President of the largest and oldest premier body, Mayal expressed concern that the government is refusing to hear them and implement better policies. The government, along with the Ministry of Aviation and Tourism, needs to bring policies to safeguard consumer’s and service provider’s money. TAAI has been promised by the Ministry of Aviation to establish a National Task Force with airlines & DGCA, but weak policies and governance will impact the opening of multiple airports and make the aviation industry fragile.
Mayal stressed that travel and tourism service providers are a vital part of the growth of this country and the responsibility of the government. The vision of a Trillion-dollar economy cannot be achieved with such setbacks. Mayal requested once again that the Hon. PM looks into their woes and finds a solution with their support to make them a part of the growth and save them from being crippled.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

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Go First Airlines files for bankruptcy

Kanchan Nath

- May 3, 2023

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats